Assuming Costs Are Represented on the Vertical Axis and Volume

question 49

Multiple Choice

Assuming costs are represented on the vertical axis and volume of activity on the horizontal axis, which of the following costs would be represented by a line that is parallel to the horizontal axis?

• A)total direct material costs
• B)a consultant paid £75 per hour with a maximum fee of £1,200
• C)employees who are paid £10 per hour and guaranteed a minimum weekly wage of £200
• D)rent on exhibit space at a convention

Calculate and understand the variance in investment returns.

Understand the difference between arithmetic and geometric average returns.

Calculate and interpret dividend yield.

Understand the concept and calculation of the bullwhip effect in supply chains.

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Definitions:

Unfair Practices Act

Legislation intended to prevent deceptive, fraudulent, or unfair business practices.

Barriers to Entry

Obstacles that prevent new competitors from easily entering an industry or area of business.

Governmental Prohibitions

Regulations or laws imposed by a government to forbid specific activities, products, or services within its jurisdiction.

Strong-Armed Tactics

Aggressive or forceful strategies used to influence or control outcomes, often in a business or negotiation context.